The Fresocbaldi family has been making wine in Italy for 700 years. Today they produce over 11 million bottles annually, from their six Tuscan estates.

And much of the family's global success is the result of a joint venture formed with Napa Valley legend Robert Mondavi back in the early 1990s.

Twenty-two years later, the top-rated wines created from that venture, named Luce, have appreciated and are collectibles since the production still is so small.

We recently had the pleasure of spending time with Marchese Lamberto Frescobaldi, of the 30th generation, who is now president of the Marchesi Frescobaldi group, at Osteria della Pace in Eataly in downtown Manhattan, to talk about the expansion of Luce and his views on the global economy.

 

For more stories on big wine families, click here:

More from Video

Veteran's Day: Hanger is Pushing Prosthetics Into the 'Internet of Things' Era

Veteran's Day: Hanger is Pushing Prosthetics Into the 'Internet of Things' Era

Why Home Depot and Retailers Are Betting on a Strong Holiday Shopping Season

Why Home Depot and Retailers Are Betting on a Strong Holiday Shopping Season

Has the Moment to Buy Starbucks Passed? Our Jim Cramer Weighs In

Has the Moment to Buy Starbucks Passed? Our Jim Cramer Weighs In

Ask Jim: Is Ford a Good Source of Dividend Income?

Ask Jim: Is Ford a Good Source of Dividend Income?

Jim Cramer Breaks Down the Market's Not So Happy Monday

Jim Cramer Breaks Down the Market's Not So Happy Monday